China tightens tungsten product export with 10.2 pct cut in first batch of export quotas
(www.chinamining.org)
Updated:
2008-01-04 09:19
Counter:
China has recently granted the first batch of tungsten product export quotas, which total 10,785.6 tons, decreasing 1,224 tons or 10.2 percent as compared with that of last year, according to the China Association of Tungsten Industry.
The decrease is much bigger than ever. It is a mirror of the central government's policy of tightening export of tungsten products.
Among the export quotas, APT shrinks 14.9 percent, tungsten acid swells 11 percent, tungsten oxide slips 1.5 percent, and tungsten power plunged 32.7 percent. The mix of tungsten products for export has changed a lot.
The quotas for tungsten producers and trader scale down, with those for producers still making up 62.1 percent of the total.
Five tungsten enterprises and trade companies in Jiangxi and Hunan, two major tungsten producing areas in China, are given a total quota of 3,705.8 tons, making up 34.4 percent of the total and scoring a 17.5 percent decline as compared with last year's quota of 4,491 tons.
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